Industry body CII seeks clear guidelines on anti-profiteering, higher e-way bill threshold

Industry body CII has suggested to the GST Council to come up with clear guidelines on anti-profiteering and raise the threshold for intra-state e-way bill generation to Rs 1 lakh. In a memorandum to the Council for consideration, at its forthcoming meeting on 4 August, CII has also demanded that the TRAN-1 facility be reopened for businesses to claim transitional credit, as many businesses could…